November 28th 2023.
Fuel prices have been steady across major cities for a year now. However, these prices vary state by state depending on various factors such as Value Added Tax, freight charges and local taxes.
Public sector Oil Marketing Companies (OMCs) such as Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd. and Hindustan Petroleum Corporation Ltd. revise their prices daily in line with international benchmark prices and forex rates.
The city-wise breakdown of petrol and diesel prices on November 28th can be found below. In Delhi, petrol and diesel costs Rs 96.72/litre and Rs 89.62/litre, respectively. Mumbai has petrol priced at Rs 106.31/litre and diesel for Rs 94.27/litre. Chennai and Kolkata have petrol and diesel priced at Rs 102.75/litre and Rs 94.34/litre and Rs 106.03/litre and Rs 92.76/litre, respectively.
The last country-wide change in fuel rates was on 21 May last year when the Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
You can now check petrol and diesel prices from the comfort of your home. All you need to do is send a message from your phone with the city code to 9224992249. The city codes can be found on Indian Oil's website.
On Tuesday, the price of oil experienced a surge as Brent crude futures rose by 45 cents (0.6 percent) to US dollar 80.43 per barrel. Similarly, U.S. West Texas Intermediate crude futures witnessed an increase of 43 cents (0.6 percent) to US dollar 75.28 per barrel. This marked an end to the four-day decline of Brent crude and three-day decline of WTI crude.
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